MP for Windsor
Working Hard For You
Attracting foreign investment

Adam Afriyie (Windsor, Conservative): To ask the Chancellor of the Exchequer, what steps he has taken to encourage more foreign direct investment in UK companies.

Andrea Leadsom (Economic Secretary to the Treasury): In 2013-14 the UK attracted 1,773 foreign direct investment projects, giving a total stock of £1.6 trillion of such investments – more than any other country apart from the USA. During this Parliament the Government has taken action to make the UK a more attractive location to run a business including reducing corporation tax so that it will reach 20% next year – the lowest in the G20 – and investing in skills, science and infrastructure. The Government has also increased resources at UK Trade and Investment including for example establishing private sector-led teams in the Gulf, Central Europe, and South America dedicated to attracting inward investment into the UK.